Portfolios

Our AdvantHedge gross composite gained 3.5% in December, outpacing the inverse performance of the S&P 500 (-1.6%) and NASDAQ (-1.9%), but lagging the inverse of the Russell 2000 (-5.0%). 2015 was a great year for AdvantHedge, finishing with a gain of 5.5% compared to the S&P 500 gain of 1.4%.

Select Industries gross composite was nearly flat in November and is up 2.8% YTD.

Global Industries (based on Global Industries, L.P. gross return) gained 0.9% in November, besting the MSCI ACWI (-0.8%).

Equity Exposure Increased To 42% In Early November.

Our AdvantHedge gross composite lost 9.3% in October, lagging the inverse performance of the S&P 500 (+8.4%) and Russell 2000 (+5.6%), but about on par with the inverse of the NASDAQ (+9.4%).